Redwood Acquisition to vote on business combination with Anew Medical postponed for the 4th time
04/13/24, 12:39 AM
Location
omahaIndustry
biotechnology
health care
Redwood Acquisition has postponed the shareholder vote on the business combination with Anew Medical for the 4th time. The terms of the deal involve ANEW receiving up to $60 million in stock, with an additional $50 million in earnout shares if certain price milestones are met. The transaction, expected to provide approximately $54 million of cash proceeds, would lead to ANEW MEDICAL listing on the Nasdaq after closing.
Company Info
Company info
Redwood Software is the leader in full stack automation for mission-critical business processes. With the first SaaS-based composable automation platform specifically built for ERP, we believe in the transformative power of automation. Our unparalleled solutions empower you to orchestrate, manage and monitor your workflows across any application, service or server – in the cloud or on premise – with confidence and control. Redwood’s global team of automation experts and customer success engineers provide solutions and world-class support designed to give you the freedom and time to imagine and define your future. Get out of the weeds and see the forest, with Redwood Software. www.redwood.com